How to give

Planned giving

Decide Now for a Future Gift

As the name suggests, a planned gift is planned now, but given to the chosen organization at a later date.

Notaries, financial planners, tax specialists and accountants are the best advisers to help you prepare a planned gift and to take advantage of all of its advantages, without affecting your quality of life or that of your loved ones.

Planned giving takes various forms:

  • Bequests
  • Life insurance
  • Charitable trust
  • Charitable annuity


Bequests

BEQUEST : Disposition of goods in a will to the Foundation for research and education.

Bequests represent the largest part of planned giving, since this is the simplest way to give, and except for legal fees, there is no cost to the donor during his or her life.

A donor can bequeath:

  • A sum of money or securities;
  • A particular item;
  • A percentage of the residue of the estate after expenses and other bequests.

The bequest might also be contingent on an eventuality, such as the death of a spouse or children.

Regarding taxation
A bequest gives the right to a tax exemption on the final income tax declaration. Depending on the situation, the donor could reduce taxable income with no major impacts on family and friends.


Life insurance

The donor names the Armand-Frappier Foundation of INRS University  as the owner or beneficiary of a life insurance policy.

Regarding taxation
This depends on the designation of the Foundation (owner or beneficiary).
 
Types of policies authorized
Paid-up policy, partially paid-up policy, or new policy.


Charitable trust

Charitable trust is the name given to irrevocable endowment funds irrévocables (cash, securities or immovable assets) constituted by a donor whose residual interest is paid to the Foundation. The donor enjoys revenue during his or her life and benefits from tax advantages.


Charitable annuity

Any person wishing to bequeath a substantial amount to the Armand-Frappier Foundation of INRS University while continuing to enjoy the income of this amount can opt for a charitable annuity. The Foundation purchases the income paid by the donor's insurer and pays a life annuity in return. The donor receives an official receipt for amounts greater than the expected return.

A planned gift, such as a charitable annuity, allows you to protect your assets against the risks of bad management, and can also prevent possible financial abuses in the case of a loss of autonomy.


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